A strong financial day

Jeremy Elwood, SBJ ReporterWith all the negative news that could be written about the economy right now (just Google “Dow 5000” and you’ll see what I mean), it’s nice to be able to toss out some positive economic news.

So here goes.

The Dow Jones Industrial Average got a happy bounce from its recent declines, rising nearly 380 points based on – brace yourself – profit news from Citigroup.

Turns out the embattled financial giant operated at a profit for the first two months of the year.

Shocking, I know … I’ll wait for you to regain some composure.

The news sparked a huge rally – all 30 of the Dow stocks were up Tuesday. The happiness spread to all sectors, as the S&P 500 was up more than 6 percent and the Nasdaq rose more than 7 percent.

And while unemployment may be up to 8.1 percent nationally, some companies are changing employment numbers in the right direction.

Texas-based Liberty National Life Insurance Co. is planning an open house Wednesday to add 200 jobs at its two Springfield offices, while AT&T announced it will add 3,000 jobs this year as part of nearly $18 billion in nationwide investment, mostly on increasing wireless and broadband coverage.

Now, about that Dow 5000 thing …


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